ten thousand jobs are all the while a dodge a bank report saying it's on the verge of kicking out staff in a bid to cut costs also coming up the way to cut through the diesel small to take a bus or electric one poland shows the way. i'm done your winter and this is your business update. germany's biggest lender looks set to slash ten thousand jobs in an effort to reduce costs reports say wong and every ten dollar job bank employees is facing the chop with cuts likely to extend to twenty nineteen new c.e.o. christian saving has previously said that the bank is scaling back its presence in the u.s. market and will place more focus on europe the last making than those expected to announce the measures ahead of its annual general meeting on thursday. and monitoring the developments out of this week for us is our financial correspondent john do alone in frankfurt while the reporting so far seems to indicate that the

cuts will be everywhere and all the regions where deutsche bank operates across all levels of the operation so retail banking investment banking asset man asset management at its subsidiary of post the bank it's also it's already working on cutting its activities on u.s. equities but it's also started to reduce operations elsewhere like in central europe africa and the middle east so the supervisory board is apparently getting together tonight in order to consult on these plans and these targets with the results being presented tomorrow at that shareholders meeting where i will also be monitoring the developments as they unfold. stick with banks u.s. president donald trump shocked america with plans to roll back banking regulations and now congress has approved a bill to dismantle parts of the post financial crisis legislation but large lenders will have to continue as before. the u.s.

congress voted to rollback dodd frank rules is a big win for small and midsized banks who have more freedom and less bureaucracy big banks with more than two hundred fifty billion dollars in assets will still be subject to the post financial crisis regulation. and till now all banks with more than fifty billion dollars in assets were subject to strict financial rules these included higher capital requirements more protection for consumers and stress tests measuring banks ability to survive a major economic downturn proponents say loosening restraints on banks will boost lending and the growth critics say it could lead to the next financial crisis. and then is called as a wall street as we heard that against opponents of saying that this deregulation will simply make it easier for smaller banks to compete or is this just the start of the slide back to the bad old days of two thousand and eight when he said. well

deregulation doesn't go as far as the u.s. president promised shortly after he took over the white house and they had to because they needed to not to go too far to find some common ground with the democrats and the main reason why we do see this deregulation is that there is some fear that the housing market actually could start to cool down we already have mortgage rates at the highest level in seven years into bread prevent that now lenders are getting a bit getting into a bit easier to give money to a new home buyer so that's basically the main reason why also some democrats are going along with this proposal so perhaps a much needed support but stocks struggled in a wednesday session are investors finding it hard to dispel doubts over a u.s. china trade deal. yeah there was so much optimism on monday they're

actually in agreement there would be right around the corner but then we got a damper already on tuesday when u.s. president donald trump said that he's not really happy how trade talks are growing and he sort of repeated that remark here on wednesday and we did selling pressure continuing at some point but then we got the fed minutes the protocol of the last the fed meeting and even if it's very likely that we will see a next rate hike at the next fed meeting end of june it is not so likely that the federal reserve will continue aggressive of course toward the end of the year they downplayed some inflation fears and that actually calmed down the nerves of investors here on wall street in the late session on wednesday ok thank you very much for that a crisis averted for now in an emergency meeting the turkish central bank has hiked

one of its key interest rates from around thirteen but percent to sixteen and a half the step was taken to bolster the lira which had plunged to historic lows against the u.s. dollar earlier on wednesday the measure showed an immediate effect of the turkish currency getting more than two percent of the announcer. they call it techs a good fifteen top tech c.e.o.'s have met with french president manuel macron in paris to talk about leaving a positive mark on the world but many would think firms like facebook and hardly the ones to tout their positive influence but maybe that's the point to get silicon valley firms to think different. if mogs took about global businesses who exploits past new data while avoiding paying taxes. was one of the round sixty industry bosses attending the tech for good summit on wednesday the meeting had one main objective encouraging global companies to focus on improving the wild especially since so many of them have become more influential than governments.

obviously on a worldwide basis people are increasingly concerned about their relationship to technology the impact on the workplace how this will affect international politics and governance and governance has a harder time managing those. frankly the companies in the world is moving at a faster pace than government. companies to start freeriding while ignoring social situations around them and his words may have already taken impact as some brands took the opportunity to announce new initiatives will be investing one hundred million dollars in entrepreneurs in europe and in africa who are working on bringing digital skills to everyone so that the future of work is available to everyone food delivery service delivery stated that curry is would now have free insurance while announced that european drivers will have access to medical cover.

and speaking of drivers ever more countries are trying to get local emissions under control by putting electric cars on their roads as take a look at china record of the highest number of newly registered electric cars in twenty seventeen with more than half a million new vehicles on the country's roads the u.s. was in second place and other countries like norway and germany as you can see here trailed behind but when we look at the share of electric cars a completely different picture emerges china may have the most cars of all kinds total but only around two percent of those are electric but the interesting thing is by contrast in norway over a third of all cars are electric so amazing one of the main challenges though is facing most of those nation's infrastructure electric car owners need access to charging points like this one and they're becoming more common in major cities but

it's still hard to find in other areas one way to reduce emissions is to get people out of their cars and into public transport and ideally that should run on electricity to one polish company is at the forefront of the shift towards green the buses. here in the polish city of poznan heavy traffic and poor air quality are part of daily life that's prompted authorities to set their sights on electric mobility first up public transport one company at the forefront of the industry is celera is the family run business was founded back in two thousand and one the company's c.e.o. and co-founder has been in the emo bilis the game for well over a decade. we saw that electric buses were the future my husband presented our first hybrid bus at the hanover fair in two thousand and six it wasn't a fully clean bus run by batteries but in

a press conference at the time he said diesel is dead it's all about alec tricity at the time no one took it seriously no one believed that zero emissions buses were the future of. the buses are necessarily one hundred percent clean whether or not they can be described as such depends on the kind of electricity that powers them still they're much greener than their diesel counterparts and many european cities have been investing in them despite their higher cost. so. i wanted to use the ied busses have an advantage over eight car as. we know the routes how often they operate and what distances are involved. so we can plan accordingly to ensure that it operates like a diesel run password. it's certainly an efficient system but on the downside it's not very flexible and then there's the problem of

charging up just as it used to be with mobile phones not all eve buses can use the same charging equipment despite those challenges there are ready to size d. buses on the roads in europe one hundred fifty of them come from the celera stock train your pas none with the order books full and demand rising the company needs funds in order to expand that is there to develop invest. that we need investors because innovation is expensive. right now we have a huge potential for growth we might not be perfect at what we do but we're good. customers want our busses but we don't have enough money to build as many as they need. she's looking for an investor to take over a majority stake the hope is that this will enable the company to stay ahead of compassion as thanks for watching.

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